Tag: Force Placed Insurance

Force Placed Insurance Lawsuits

Force-Placed Insurance Settlement Against JPMorgan Approved

A federal judge in Miami has approved settlement of a class-action lawsuit against JPMorgan Chase for its force-placed insurance practices. The settlement provides class members with a 12.5% refund of the forced-place insurance premiums charged by[...]

Force-Placed Insurance Lawsuits

New Notice Requirements for Force-Placed Insurance

Effective January 10, 2014, mortgage servicers are required to provide substantial new notice to consumers before charging any fees for force-placed insurances.  The new notice requirements are designed to better inform consumers of their mortgage obligations[...]